Color Sorter Market 2021: Analysis Report, Future Plans

Market Analysis

The India color sorter market in 2015 was valued at USD 16.5 million and is predicted to grow at 2.05% CAGR during the forecast period 2020- 2027, states the latest Market Research Future (MRFR) analysis. The color sorter systems and machines help in detecting the colors of grains and seeds which pass before them using devices like cameras. Belt and chute are its two types and they have wide industrial and agricultural applications.

Various factors are fuelling the India color sorter market growth. As per the recent MRFR market estimates, such factors include the growing need from the agricultural sector, various product innovation, increasing investment in agro-food processing in India, rising incorporation of machinery that are technologically advanced and equipped with sensors and programmed to ease the workload in the agriculture sector, huge population in India dependent largely on agriculture for their livelihood, increasing need for innovative equipment, growing investments for advanced machinery in the huge agriculture sector, and increasing application of color sorters to determine the quality of different agricultural products like nuts, coffee beans, sesame seeds, sunflower seeds, rice, wheat, and others. The additional factors adding market growth include growing R&D activities in the agriculture sector, quality standards laid down by the government for high quality, hygiene, and safety of agricultural products, rapid industrialization, following technological advancements these devices are being used in diamond industries for determining the purity and level of transparency of diamonds, the use of color sorters for detaching and differentiating mixed color plastic granules and flakes, increasing use in the industrial sector, growing focus on automation to increase productivity, rising need to reduce process and delivery time in the food industry, and increasing need for reducing process and delivery time in the food industry. Besides, rising labor costs, emerging stringent government regulations regarding food safety, emerging advances in intelligent software and technologies, rising awareness about food adulteration, healthy economic indicators in India like increased disposable income of the average household in the country, the increased need of packaged and clean agro-based products like wheat, rice, and other grains, and growing need from processing companies to suffice the need of the people are also adding market growth.

On the contrary, high cost of such color sorter machines, need for high maintenance, need for skilled labor, high installation costs, impact of the COVID-19 pandemic, and difficulties to sort plastic waste may limit the global India color sorter market growth over the forecast period.

Key Players

The notable players profiled in the India color sorter market report include Hefei TAIHE Optoelectronics Technology Co., Ltd, Anhui Zhongke Optic-electronic Color Sorter Machinery Co., Ltd., Hefei Meiya Optoelectronic Technology Inc., Key Technology, Sea, Orange, Tomra, Fowler Westrup, Buhler Group, and Satake India Engineering, among others.

Industry Updates

July 2020-NRT has launched color-based optical sorter with artificial intelligence technologies.

Regional Analysis

Geographically, the India color sorter market is segmented into North, East, West, and South. Of these, the North region will head the market over the forecast period. It is predicted to touch USD 7.5 million by 2022 for increased investment as part of different initiatives undertaken by the government to encourage small and medium scale agro-based processing industries. The government is operating different project policies for enabling investments in the agro processing and food sector. The demographic features in the North region support agriculture as well as contributes utmost to the country’s GDP. This region offers flourishing markets for the international and national players for expanding its operations. It will be followed by the South region which is likely to grow at a 1.78% CAGR. This region is popular for rice farming and thus offers opportunities for color sorter companies across its rice milling industries.

Market Segmentation

The MRFR report throws light on an inclusive segmental analysis of the global India color sorter market based on type and application.

By type, the India color sorter market is segmented into belt and chute.

By application, the India color sorter market is segmented into industrial and agricultural.

Browse complete report @ https://www.marketresearchfuture.com/reports/india-color-sorter-market-3569

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